The market is making record highs, but these names sure aren't and weak technicals suggest plenty more downside to come

Stocks to Sell: Aflac (AFL)

The Aflac (AFL) duck would probably cough up a hairball if it knew how bad June was shaping up to be for AFL stock. Shares in the supplemental insurance company have lost more than 8% so far this year, and the technicals say there’s more pain to come.

Aflac stock has no price momentum. It’s 9% below its 52-week high and trailing its 50-day and 200-day moving averages by 2% and 3.5%, respectively.

Neither is Aflac stock anywhere near oversold. On a scale of 1 to 100, with 100 being the most overbought level, AFL stock has a relative strength indicator of 42. The industry average, meanwhile, stands at 51.

Finally, seasonality is not a friend to Aflac stock heading into the summer months. Based on a decade’s worth of performance, AFL stock has an implied downside next month of more than 1%, according to data from Thomson Reuters Stock Reports.

Neither sentiment nor historical performance are working in AFL’s favor these days, landing it on our list of stocks to sell.